Economy takes off like a “Rocket Ship”
The American president MR. DONALD TRUMP says that if the federal reserve cut interest rates the economy of the country would climb up like a rocket ship. Trump says that they should drop down all the rates and get rid of quantitative tightening. And also trump has told the reporters that selling securities according to the feds policy to unwind its balance sheet a stimulus put in place during the financial crisis. Not only that the WHITE HOUSE aides are been called for the feds policy to cut interest rates by fifty basis points.
By looking at the feds one of the most recent meetings in the month of march the central bank has decided to maintain all the interest rates and also to hold off all of the further increases of this year. “LARRY KUDLOW” trump’s chief economic adviser said that there facing a worldwide slow down as Europe is not doing well. Fed didn’t conclude in march that slowing global growth means that already the bank should start the cutting rates. Powell’s decision at the fed made trump shocked later on he had blamed making for drops in the stock market and also calling him “LOCO” for raising the rates in 2018
And choosing Powell as the fed chairman had been the worst decision and mistake ever taken during the period of his presidency. And also at the last meeting central bank decided to hold interest rates amid a gloomy global economy and number of trade wars with china. Trump has announced that he had appointed ally Herman Cain the former chief executive of the pizza chain for a position on the board of the federal reserve. The fed has being alluding to more flexibility with its holdings of treasuries and securities.